Finding the Right Insurance for You
Finding the right life insurance coverage depends on your needs. And understanding the different types of life insurance makes it easier to decide which type is best for you.
Types of Life Insurance
• Term insurance is often considered the lowest costing life insurance, and if your insurance need is only temporary, this may be true. Term insurance premiums stay the same for only a limited number of years, however, and increases in premiums can be substantial as you age. Term insurance generally does not offer the opportunity to accumulate cash value.
• Whole Life insurance offers guaranteed level premiums, death benefit and cash value. Policy values have the potential to be enhanced through dividends paid by the insurance company.
• Fixed Universal life insurance offers a flexible premium with an adjustable death benefit, and credits a fixed interest rate to the cash value within the policy.
• Indexed Universal life insurance offers premium flexibility and an adjustable death benefit with the ability to earn interest based in part on the change in value of a major market or custom index, without directly participating in the markets.
• Variable Universal life insurance offers premium and death benefit flexibility and offers the potential for securities market-type returns on the policy’s cash values.
We offer Living Benefits with our products which provide access to your death benefit during your lifetime, in the event of a qualifying Terminal, Chronic, Critical Illness or Critical Injury.
